Company Registration No. 4465014 (England and Wales)
GREENSAND STUDIOS LIMITED
Unaudited accounts
for the year ended 31 March 2022
GREENSAND STUDIOS LIMITED
Unaudited accounts
Contents
GREENSAND STUDIOS LIMITED
Company Information
for the year ended 31 March 2022
Directors
Mark William Walton
Michele Ann Walton
Secretary
Michele Ann Walton
Company Number
4465014 (England and Wales)
Registered Office
Greenthumb, Blacklands Farm
Wheatsheaf Road
Henfield
West Sussex
BN5 9AT
Accountants
Angela MacCarthy Limited T A On The Spot
7 Chalfont Drive
Hove
East Sussex
BN3 6QR
GREENSAND STUDIOS LIMITED
Statement of financial position
as at 31 March 2022
Intangible assets
7,828
11,067
Tangible assets
17,738
12,570
Cash at bank and in hand
21,969
84,865
Creditors: amounts falling due within one year
(61,804)
(104,845)
Net current assets
30,476
29,510
Called up share capital
2
2
Profit and loss account
56,040
53,145
Shareholders' funds
56,042
53,147
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2022 and were signed on its behalf by
Michele Ann Walton
Director
Company Registration No. 4465014
GREENSAND STUDIOS LIMITED
Notes to the Accounts
for the year ended 31 March 2022
GREENSAND STUDIOS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4465014. The registered office is Greenthumb, Blacklands Farm, Wheatsheaf Road, Henfield, West Sussex, BN5 9AT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Goodwill is amortised on a straight line basis over its estimated useful economic life of 5 years. It is based on the long-standing business track record and quality reputation that has been built up.
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum reducing balance and straight line
Motor vehicles
25% per annum straight line (full rate in year of purchase, none in year of sale)
Computer equipment
25% per annum reducing balance
Operating Lease Commitments
At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £32,999 (2021: £19,954).
Pension costs and other post retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
GREENSAND STUDIOS LIMITED
Notes to the Accounts
for the year ended 31 March 2022
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
49,349
18,540
19,885
87,774
Additions
10,897
-
-
10,897
Disposals
(1,300)
-
-
(1,300)
At 31 March 2022
58,946
18,540
19,885
97,371
At 1 April 2021
44,412
12,690
18,102
75,204
Charge for the year
2,922
1,949
447
5,318
On disposals
(889)
-
-
(889)
At 31 March 2022
46,445
14,639
18,549
79,633
At 31 March 2022
12,501
3,901
1,336
17,738
At 31 March 2021
4,937
5,850
1,783
12,570
Amounts falling due within one year
Trade debtors
36,279
32,131
Other debtors
20,498
7,588
GREENSAND STUDIOS LIMITED
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
3,017
2,330
Trade creditors
13,682
40,797
Taxes and social security
15,928
26,294
Loans from directors
53
1,600
8
Transactions with related parties
The transactions with the directors and shareholders have not been conducted under normal market conditions. A balance of £53 is owed to the directors at the year end. No interest is being charged by the directors.
9
Average number of employees
During the year the average number of employees was 13 (2021: 12).
